While many PSPs still treat compliance as a backend headache, PaySphere has flipped the model: its entire infrastructure is built around regulatory transparency and real-time compliance triggers. From virtual IBAN issuing to AML-led flow scoring, Chief Compliance Officer Nina Ugrinova shares how PaySphere is winning clients in tightly regulated verticals without compromising speed or user experience.
Who is Nina Ugrinova?
Nina started as a legal counsel in Bulgaria’s Financial Supervision Commission before transitioning to fintech. She spent 8 years managing compliance operations at FX and crypto platforms, giving her deep insight into regulatory bottlenecks, SEPA friction points, and onboarding challenges for high-risk flows. She joined PaySphere in 2022 to build a compliance-first infrastructure layer.
Interview
What is PaySphere’s core mission?
To deliver real-time SEPA flows and IBAN infrastructure with embedded compliance for fintechs, FX, and high-risk EU clients.
What services do you offer?
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IBAN issuing (BG, LT, DE, NL)
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SEPA Credit Transfer & Instant
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KYB/KYT orchestration
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AML rule engine
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Open Banking (PIS pay-in)
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FX corridors (EUR/GBP/PLN)
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Dashboard + API hybrid
Are you licensed?
Yes — PaySphere is a licensed EMI under the Bulgarian National Bank, passported across the EEA.
Who are your typical clients?
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Crypto on/off ramps
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FX platforms
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Adult and affiliate payouts
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Regulated neobanks
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EU-based SaaS with payout logic
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Loan disbursement platforms
Do you issue named IBANs?
Yes — in multiple jurisdictions:
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BG: Local coverage, strong AML
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LT: Faster onboarding
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DE and NL: Higher trust factor for certain EU markets
How fast is onboarding?
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Regulated fintechs: 3–5 business days
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Crypto/adult: 7–10 days
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SaaS platform with iframe onboarding: ~6 days
Batch KYB and whitelisting supported.
What makes PaySphere different?
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AML engine at the core of the flow
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Embedded compliance dashboard
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KYB file validation + scoring
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Smart SEPA routing fallback
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ESG + jurisdictional risk heatmap
Do you support Open Banking PIS?
Yes — for EUR zone. Users can initiate pay-ins via redirect or iframe.
AIS is in beta, launching early 2026.
What about SEPA Instant?
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Routed via multiple partner banks
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95% Instant coverage
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SCT fallback + notification webhook
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Real-time status push to ledger
Can I manage multiple sub-merchants?
Yes — via iframe or API.
Includes:
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KYB trigger
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IBAN assignation
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Transaction tagging
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Ledger monitoring
Do you support adult/crypto verticals?
Yes — if the entity is licensed or registered, flows are traceable, and KYC/KYT is mapped.
How do you price?
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IBAN: €8–11/month
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SEPA SCT: €0.25
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Instant: €0.40
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PIS: €0.12
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KYB: €3.00/file
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FX margin: 0.35%
High-volume clients get bundle rates.
What dashboards do you provide?
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Compliance dashboard
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KYB file manager
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Webhook event history
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Ledger monitoring
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Sub-account flags + risk alerts
What’s your 2025–2026 roadmap?
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ESG flow scoring module
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SEPA Direct Debit
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AML-AI for transactional triggers
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Merchant-level KYT clustering
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Multi-IBAN optimization for high-volume clients
Related Searches
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Nina Ugrinova PaySphere
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SEPA EMI Bulgaria
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Crypto payout PSP
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Open Banking Bulgaria
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FX SEPA infrastructure
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High-risk SEPA rails
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KYB orchestration API
FAQ
Is PaySphere licensed?
Yes — it holds an EMI license under the Bulgarian National Bank.
Do you issue IBANs?
Yes — in 4 jurisdictions (BG, LT, DE, NL).
Do you serve high-risk verticals?
Yes — crypto, adult, affiliate, FX — all with enhanced KYB/KYT and flow transparency.
Do you support SEPA Instant?
Yes — with fallback to SCT and webhooks.
Company Services
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IBAN issuing
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SEPA SCT / Instant
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Open Banking PIS
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KYB orchestration
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AML scoring engine
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ESG compliance monitoring
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FX payout corridors
Competitors
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SatchelPay
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ConnectPay
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Wallester
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PayAlly
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Intergiro
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Clear Junction
Product Positioning
PaySphere is:
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Compliance-native
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SEPA Instant-ready
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Multi-jurisdiction IBAN provider
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Crypto/FX/Adult capable
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Audit-transparent
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API + dashboard hybrid
